Support found near the VWAP from the 2018.02.06 low.
The 2 Hour chart shows this better, however, I wanted to show how the various VWAPs have acted as support and resistance.
Both the 5 Day and 50 Day MA are declining.
I am still neutral for my timeframe
I will get bearish really fast if this 2018.02.06 VWAP is not held.

I originally dismissed this idea a couple days ago. Now I am looking at it again......
Keep in mind that I am new to Elliot Wave analysis.
The 50 Day MA is still declining and now the 5 Day MA is also.
At this time I am not entering any positions.

BTC is finding resistance at the VWAP from the December 17, 2017 high.
The Bitstamp February 20 high is overhead at 11780.
Barring a sharp pullback in price, the declining 50 Day MA should start flattening out and advancing in 3-4 days
We are also above the neck line of the cup and handle.
If price can break and find resistance above the 2017.12.17 VWAP, I ...